5 Stocks Pushing The Technology Sector Downward

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 11 points (-0.1%) at 15,227 as of Tuesday, June 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 560 issues advancing vs. 2,425 declining with 97 unchanged.

The Technology sector currently sits down 0.40 versus the S&P 500, which is down 0.37. On the negative front, top decliners within the sector include Oi ( OIBR), down 7.24, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 6.20, Philippine Long Distance Telephone ( PHI), down 3.45, Telecom Italia SpA ( TI), down 2.99 and Texas Instruments ( TXN), down 2.59. Top gainers within the sector include Micron Technology ( MU), up 1.0%, Mobile Telesystems OJSC ( MBT), up 1.0% and Apple ( AAPL), up 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. ASML ( ASML) is one of the companies pushing the Technology sector lower today. As of noon trading, ASML is down $0.69 (-0.9%) to $79.98 on average volume Thus far, 834,794 shares of ASML exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $79.47-$80.23 after having opened the day at $79.76 as compared to the previous trading day's close of $80.67.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $32.8 billion and is part of the electronics industry. Shares are up 25.2% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Adobe Systems ( ADBE) is down $0.52 (-1.2%) to $43.57 on light volume Thus far, 1.2 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $43.33-$43.85 after having opened the day at $43.60 as compared to the previous trading day's close of $44.09.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $22.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7. Shares are up 17.1% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Adobe Systems a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Adobe Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Adobe Systems Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Emerson Electric ( EMR) is down $0.60 (-1.0%) to $56.89 on light volume Thus far, 1.2 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $56.30-$56.93 after having opened the day at $56.67 as compared to the previous trading day's close of $57.49.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $41.4 billion and is part of the electronics industry. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 8.8% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Emerson Electric Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, LinkedIn ( LNKD) is down $2.85 (-1.6%) to $171.24 on light volume Thus far, 760,876 shares of LinkedIn exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $169.89-$174.00 after having opened the day at $171.45 as compared to the previous trading day's close of $174.09.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $15.6 billion and is part of the internet industry. The company has a P/E ratio of 487.7, above the S&P 500 P/E ratio of 17.7. Shares are up 48.7% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full LinkedIn Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Baidu ( BIDU) is down $1.97 (-1.9%) to $101.02 on light volume Thus far, 1.4 million shares of Baidu exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $100.57-$101.76 after having opened the day at $100.91 as compared to the previous trading day's close of $102.99.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $35.9 billion and is part of the internet industry. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Baidu a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, expanding profit margins, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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